Affordable homes for first time buyers

If you're looking for a home that fits your wallet's reach, we can help! Not only do we have a few perfect properties up our sleeve, but we're also here to help you prepare for that first-time buy.

When it comes to understanding the ins and outs of the property market, your research is the most crucial part of the whole process. You can always rely on Meridian's award-winning real estate professionals to help you navigate this complex landscape and ensure your buying experience is effortless. Our experts have put their heads together and compiled a few important factors to focus on when entering the property market, along with some fantastic properties that are available right now:

The impact of your location pin on your wallet

One of the most important factors to consider when purchasing a home is the location. A desirable location could mean that the price of the property you are interested in is higher, but you should always consider the resale value. Location can significantly increase or decrease the value of a property in the future. Consider factors such as proximity to transportation, schools, shops, and other amenities when looking for a property. It is also important to consider the future of the area and consult with property specialists on what the investment value of the area could mean for your pocket. 

Do you need to bring your toolbox along?

While an affordable property may seem like a steal, it's essential to assess the condition of the home before making an offer. Take note of any repairs or renovations that may be needed in the future, and factor in the cost of these repairs when making your decision. It's also important to have a home inspection done by a professional to identify any underlying issues that may not be visible to the naked eye. Taking on a few DIY projects here and there can help you save a significant amount of money, but determining how many tools you'll need to bring along is an important part of the buying process.

Monthly expenses reminder

While one amount is the focus right now, other costs can affect your month-to-month finances which are important to take note of as part of your buying plan. Rates, taxes, and levies are additional costs that need to be factored into the overall price of the property. It's important to research these costs beforehand and understand how they may impact your monthly expenses. These costs can vary depending on the location and type of property, so be sure to do your due diligence before making an offer.

Securing the best possible deal

It might not seem like it at first, but it is possible to find a financing option that fits like a glove. As a first-time buyer, financing can be a daunting task. It's important to research various financing options and determine which one is best suited for your needs. Make sure that you get the expert guidance you need to help you navigate the different options available and to secure the best possible deal.

While you may not be thinking about selling your property at the moment, it's important to consider the future resale value of the home you are investing in today. Investing in a property that has the potential for appreciation can provide a significant return on investment down the line. Consider factors such as location, condition, and amenities when assessing the resale value of the property. At Meridian Realty, we understand the challenges of finding an affordable home when you enter the property market for the first time. That's why we offer a variety of affordable properties for first-time buyers that cater to different needs and budgets. Our team of experienced agents can guide you through the process and provide expert advice on what to look out for when entering the property market.

Some of our available properties include:

• One 3 Bedroom home from R1,090,000 perfect for families in Gauteng

View our available property in Heidelberg:

3 Bedroom House For Sale in Heidelberg Central

• 2x Picture Perfect 3 Bedroom family homes from R2,100,000 in the Garden Route

View our available properties in King George Park and Dormehls Drift:

3 Bedroom Townhouse For Sale in King George Park

3 Bedroom Apartment For Sale in Dormehls Drift

• One 3 Bedroom House in a popular Lifestyle Estate in the North West Province at R1,593,000

View available property in Waterval East:

3 Bedroom House For Sale in Waterval East

• Seven Affordable first-time homes from R1,390,000 in the Western Cape

View our available properties from Belville to Riversdale:

3 Bedroom Townhouse For Sale in Onverwacht

3 Bedroom House For Sale in Klein Parys

2 Bedroom Townhouse For Sale in Vredenberg

2 Bedroom Apartment For Sale in Stellenbosch Central

3 Bedroom House For Sale in Riversdale

3 Bedroom Townhouse For Sale in Audas Estate

3 Bedroom House For Sale in Bracken Heights

Contact us today to start your home-buying journey: https://www.meridianrealty.co.za/contact/

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This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your adviser for specific and detailed advice. Errors and omissions excepted (E&OE)